Do you have an IRA, 401k or other retirement account? Protect and profit with a tax free gold IRA rollover.
What is a Precious Metals / Gold IRA Rollover?
On August 5, 1997, the Taxpayer Relief Act of 1997
was enacted by Congress and signed off on by the President. This
federal law expanded the types of investments allowed in an IRA to
include precious metals. Specifically, the Act states:
- "Your IRA can invest in one, one-half, one-quarter, or one-tenth ounce U.S. gold coins, or one-ounce silver coins minted by the Treasury Department. Beginning in 1998, your IRA can invest in certain platinum coins and certain gold, silver, palladium, and platinum bullion."
The Taxpayer Relief Act opened up the opportunity for millions of American citizens to enjoy the benefits of being able to diversify their retirement savings and invest in gold and other precious with the tax-advantaged status of an IRA. Moreover, various other types of non-IRA retirement accounts could subsequently be rolled over into a precious metals IRA in what is known as a "gold IRA rollover." This new found expansion of investment opportunity opened up a world of possibilities for US citizens to reap the same kinds of benefits possible to direct cash investors while never even having to invest a single dollar of free cash outside of their retirement account if they prefer. As the saying goes, the rest is history.
For more information and to receive a free gold IRA investment / gold IRA rollover guide, use the "BEST GOLD IRA COMPANIES" tab at the top of the page.
Protect Your Wealth
A gold IRA (or precious metals IRA) is a US Individual Retirement Account containing real physical gold or other government allowed precious metals which are held in custody for the IRA account owner(s). This type of IRA operates in the same way that normal IRAs do, except that instead of paper assets they hold genuine physical bullion consisting of coins or bars of an approved level of fineness and investment grade quality. Precious metals IRAs generally consist of "Self-Directed IRAs"; this is a type of IRA in which the custodian allows a greater diversity of investments to appear within the retirement account.
For more information and to receive a free gold IRA investment / gold IRA rollover guide, use the "BEST GOLD IRA COMPANIES" tab at the top of the page.
Profit With Zero Tax on Gains
Numerous other types of retirement accounts may be converted or "rolled over" into a precious metals IRA through what is known as a gold IRA rollover (or other allowed precious metals). Retirement accounts eligible for such rollovers inlcude: 401k, Roth IRA, Traditional IRA, Simple IRA, SEP IRA, Thrift Savings Plan (TSP), HSA, 403(b), 457(b), Pension Plan, and Tax-Sheltered annuity. Profit tax free on gains when you opt for Roth IRA.
For more information and to receive a free gold IRA investment / gold IRA rollover guide, use the "BEST GOLD IRA COMPANIES" tab at the top of the page.
Real Asset Diversification
In addition to physical gold bullion, such precious metals IRAs may also contain certain government approved assets of silver, platinum and palladium coins and bars as well. Of the four types allowed, gold is the most commonly invested, hence the term "gold IRA" is most often used as a blanket term to indicate any individual retirement account backed by any assortment of approved physical precious metals.
The Internal Revenue Code requires that the precious metals be stored in the physical possession of the trustee of the IRA. However, this rule does not mean that the trustee is the party allowed to decide where the bullion metals are deposited, the manner in which they are stored, and when they can be relocated as needed to manage the investment. Instead, the retirement account owner or the plan participant owner of the IRA gets to decide these items and has to instruct the plan trustee.
For more information and to receive a free gold IRA investment / gold IRA rollover guide, use the "BEST GOLD IRA COMPANIES" tab at the top of the page.
Protect & Strengthen Your
Retirement Plans
With Real Hard Assets & Hedge Against Inflation
What Types of Precious Metals are Allowed in a Self-Directed "Gold IRA"?
The rule on storage and custodianship is the same for all IRAs regardless of type. The IRS requires that all IRAs, whether traditional, Roth, etc., as well as precious metals IRAs, be held on behalf of owners and investors by a custodian or trustee. By law therefore precious metals in a gold IRA are protected and secured in the custody of the custodian or trustee, not in the physical possession of the IRA owner. This arrangement brings enormous tax-advantaged benefits and convenience to the IRA owner/investor. IRS Publication 590 states the following:
- "The trustee or custodian must be a bank, a federally insured credit union, a savings and loan association, or an entity approved by the IRS to act as trustee or custodian."
Many IRA trustees or custodians make use of private or "civilian" precious metals depositories which may be approved by official commodities exchanges for the storage, maintenance and protection of IRA-approved metals assets. Depository-level security protocols may feature sophisticated measures such as 24-hour security monitoring, motion, vibration and sound detection systems, timed locks, and automatic re-locking mechanisms. Additionally, the depositories commonly carry high insurance coverage; some of the depository insurance coverage extends as high as $1 billion USD.
For more information and to receive a free gold IRA investment / gold IRA rollover guide, use the "BEST GOLD IRA COMPANIES" tab at the top of the page.